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3843 Dominus Dr Sparks, NV 89436

4 Beds 4 Baths 1,951 sqft Built 2006

$405,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $207.59
  • 3 Days on Market
  • MLS # : 210000230
  • Updated Date : 01/08/2021 at 22:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,951 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Select Reno

Listing Agent's Description

Amazing opportunity!! ***INVESTOR ALERT*** one of the most desirable units in a secure, gated community! This property consists of a 3 bed 2.5 bath primary residence that is perfect for a family. The open downstairs rooms are big and inviting for entertaining and family time. The kitchen is finished in granite and feature a large eat-in kitchen and breakfast bar. Upstairs you will find the Master Bedroom with a large walk-in closet and a dual sink vanity. The secondary rooms are large, bright and airy!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Foothills at Wingfield Springs

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $146k439k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Foothills at Wingfield Springs

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900200021002200Rent in $9822208

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Spanish Springs Elementary School Primary Regular 713 32 7
Spanish Springs Elementary School Middle Regular 713 32 7
Spanish Springs High School High Regular 2,315 95 6

Spanish Springs Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 32
7
GreatSchools Rating

Spanish Springs Elementary School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 32
7
GreatSchools Rating

Spanish Springs High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 95
6
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,407
Property Tax -$774
Property Insurance -$69
HOA -$119
Property Management Fees -$119
CASH FLOW
-$497

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$405,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$87

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,990

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,995

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8954$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 3843 Dominus Dr Sparks, NV 4
    • 4 beds 4 baths ∙ 1,951 Sqft ∙ Built 2006 4 beds 4 baths ∙ 1,951 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.02
    •  
  • 7300 S Florentine Drive Sparks, NV 1
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1997
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
  • 7068 Sacred Circle Sparks, NV 2
    • 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 2008
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 7490 Ambush Cir Sparks, NV 3
    • 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 1998
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
  • 6730 Cinnamon Sparks, NV 5
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1997
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
PROPERTY LISTING DETAILS
John Ruddy
Coldwell Banker Select Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000230
Last Updated: 01/08/2021
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